Avago's 'Numbers Guy' Snags Biggest-Ever Tech Deal

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Don Clark An accelerating wave of consolidation in the semiconductor industry has a new point man: Hock Tan, a press-shy numbers guy now mounting the largest takeover in high-tech history. The 63-year-old chief executive of Avago Technologies Ltd. stepped ...

Japan Inflation Slips Back to Zero

TODAY: May 29, 2015 PUB DATE: May 29, 2015

TOKYO—Japan's inflation slid back to zero in April, slowed by cheaper energy costs that pushed price movements further away from a 2% inflation goal. While the fall in inflation is the latest indication of the difficulties the Bank of Japan ...

Judge Presses Both Sides in Battle Over Sysco Merger

TODAY: May 29, 2015 PUB DATE: May 29, 2015

WASHINGTON—A federal judge heard lively closing arguments Thursday in the government's challenge to the planned merger of rival food distributors Sysco Corp. and US Foods Inc., pressing both sides on potential weaknesses in their positions. After more than three hours ...

Singapore April Bank Loans S$594.29 Billion Vs S$601.12 Billion in March

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Gaurav Raghuvanshi SINGAPORE--The Monetary Authority of Singapore Friday released the following provisional bank lending data for April: April Year Earlier March Total S$594.29 Bln S$591.05 Bln S$601.12 Bln Housing/Bridge S$179.31 Bln S$169.48 Bln S$179.12 Bln Professionals & Private Individuals ...

Digits

TODAY: May 29, 2015 PUB DATE: May 29, 2015

(FROM THE WALL STREET JOURNAL 5/29/15) Speech Recognition Gets Conversational Smartphones are good at understanding what users say to them, but they can't handle conversations. The shift from one speaking voice to another confuses virtually all speech-recognition software. Researchers at ...

New Zealand ANZ May Business Confidence +15.7%; April +30.2%

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence tumbled in May as signals on the employment, investment and activity front recede. "The economic patient is beginning to suffer a few palpitations, but there is no need to reach for ...

Judge Probes Arguments for Weakness in Sysco Merger Case

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Brent Kendall WASHINGTON--A federal judge heard lively closing arguments Thursday in the government's challenge to the planned merger of rival food distributors Sysco Corp. and US Foods Inc., pressing both sides on potential weaknesses in their positions. After more ...

EU Officials Play Down Greek Talk of Deal Soon

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece and its international ...

IRS Data Breach Draws Capitol Hill Scrutiny

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By John D. McKinnon Lawmakers are stepping up their scrutiny of computer security at the Internal Revenue Service in the wake of a serious data breach affecting at least 100,000 households. Sen. Orrin Hatch (R., Utah), the chairman of the ...

Swiss April Exports Slip As Franc Hits Demand

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Neil MacLucas ZURICH--Switzerland's exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches. Exports in April fell 1.3% from a year earlier, in ...

Weakening Economy Threatens Turkish Government's Election Chances

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Yeliz Candemir And Emre Peker ISTANBUL--As Turkey prepares for June elections, the government's 13-year hold on power is facing a new threat: diminishing faith in its long-trusted economic management. Since coming to power on the heels of a financial ...

Libor Accused Received Help from Boss, Evidence Shows

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By David Enrich LONDON--The man accused of being the ringleader of a global interest-rate-rigging conspiracy received a helping hand from his boss, according to evidence presented in a London trial Thursday. Tom Hayes, a former UBS AG trader in Tokyo, ...

UK First-Quarter Growth Unrevised

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Jon Sindreu and Jason Douglas LONDON--A fresh batch of official data for the U.K. confirmed the economy slowed in the first quarter of the year, scotching hopes growth would be revised up. U.K. gross domestic product rose 0.3% during ...

Singapore's GIC Buys Stake in Brazil's Rede D'Or

TODAY: May 28, 2015 PUB DATE: May 28, 2015

SÃO PAULO—Brazilian investment bank BTG Pactual SA said on Thursday that Singapore's sovereign-wealth fund GIC Pte. Ltd. has agreed to buy an undisclosed stake in local hospital operator Rede D'Or São Luiz. BTG said GIC will pay 1.6 billion Brazilian ...

EU, National Governments Agree Investment Fund

TODAY: May 28, 2015 PUB DATE: May 28, 2015

BRUSSELS—European Union lawmakers and national governments Thursday agreed on legislation to create a €315 billion ($342.9 billion) investment fund, ensuring that one of the EU's main efforts to jump start Europe's weak economy starts financing projects. The investment fund is ...

J&J Accepts Cardinal Health Offer for Heart Business

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Johnson & Johnson said Thursday that it has formally accepted Cardinal Health Inc.'s March offer to buy its heart-product business for about $1.94 billion in cash. J&J; said it accepted the offer after consulting with work councils and trade unions. ...

Court Rejects Apple's Bid to Shake Off Corporate Monitor -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Joe Palazzolo A federal appeals court rejected Apple Inc.'s efforts to rid itself of a corporate monitor appointed after a judge found the company liable for conspiring to raise the price of e-books. Michael Bromwich, a former Justice Department ...